Ethereum Developer Criticizes Foundation Over Execution Failures

The Ethereum blockchain has faced criticism from within its developer community regarding the execution of its plans since The Merge.

A pointed critique was made by an ICO-era participant who still builds on Ethereum, arguing that ether's 65% slide against Bitcoin (BTC) since The Merge stems from specific execution failures at the Ethereum Foundation. This critic points to the accumulation of 'execution debt' with names and dates attached as evidence.

The critic rejects the idea that ether's underperformance is due to market cycles or coordination problems, instead attributing it to the Foundation's inability to deliver key products on time. Specifically, the absence of a first-party staking app three years after The Merge is highlighted as a major issue.